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Sbc Communications Inc

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BUSINESS
March 12, 2004
* California's dominant local phone company, SBC Communications Inc., paid Chief Executive Edward Whitacre $19.5 million in 2003, including a $5.7-million bonus.
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BUSINESS
July 13, 2006 | From Reuters
A federal judge Wednesday expressed doubts about government settlements reached last year that permitted SBC Communications Inc. to buy AT&T Corp. and Verizon Communications Inc. to acquire MCI Inc. U.S. District Judge Emmet Sullivan said at a hearing that he might hold further proceedings and call witnesses to make sure that the antitrust settlements reached with the companies went far enough to resolve concerns about competition.
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BUSINESS
January 7, 2005
SBC Communications Inc. announced that it would offer a bundle of Internet-based services, including television and voice service, under the "SBC U-Verse" brand name this year.
BUSINESS
November 19, 2005 | From Associated Press
SBC Communications Inc. completed its purchase of former parent AT&T Corp. on Friday after California regulators removed the final hurdle for the $16-billion deal. The California Public Utilities Commission also gave its consent to Verizon Communications Inc.'s planned purchase of MCI Inc. for about $7.5 billion, although that deal is still awaiting approval in other states.
BUSINESS
June 16, 2001 | Bloomberg News
U.S. regulators said they have expanded an investigation into why SBC Communications Inc. filed false information as it sought government approval to sell long-distance phone service in Kansas and Oklahoma. The second-largest U.S. local phone company may face fines or be required to stop providing long-distance services in those states. The Federal Communications Commission disclosed its review in a brief with the U.S. District Court of Appeals for the District of Columbia.
BUSINESS
April 9, 2002 | JUBE SHIVER Jr., TIMES STAFF WRITER
An executive of SBC Communications Inc. testified Monday that antitrust penalties sought by nine states against Microsoft Corp. would prevent the software giant from controlling an emerging market of Internet communications products. But Microsoft lawyers fired back by painting SBC as a powerful phone monopoly that wants to dominate a service to provide consumers access to voicemail, e-mail and faxes from any telephone.
BUSINESS
May 22, 1998
* SBC Communications Inc. said Texas regulators rejected its application to offer long-distance services to its customers in the state, saying the local phone market isn't fully open to competitors. The Baby Bell, whose main subsidiaries are Southwestern Bell Telephone Co. and Pacific Bell, also said California regulators extended review of its long-distance application until Oct. 1.
BUSINESS
July 18, 2003 | From Dow Jones / Associated Press
SBC Communications Inc. filed applications to provide long-distance service in four Midwestern states. If approved along with a separate application pending for Michigan, the company would have permission to provide long-distance service across its entire region. The new applications are for Illinois, Wisconsin, Indiana and Ohio.
BUSINESS
March 20, 2004 | From Bloomberg News
SBC Communications Inc., the second-biggest U.S. local-phone company, said it would save as much as $600 million a year by charging retirees more for healthcare, starting next year. Shares of SBC fell 8 cents to $24.62 on the New York Stock Exchange.
BUSINESS
July 1, 2005 | From Associated Press
AT&T Corp. shareholders approved the company's $16-billion acquisition by SBC Communications Inc., which would create one of the world's largest phone companies. The merger has won regulatory approval in 26 states and still needs OKs from 10 additional states and the federal government. If it is approved, closing is expected late this year or early next year.
BUSINESS
November 11, 2005 | From Associated Press
AT&T Corp. Chief Executive David Dorman confirmed expectations Thursday that he would not stay on long after AT&T's acquisition by SBC Communications Inc., opting for $10.3 million in severance pay and a lucrative consulting contract rather than a subordinate post at the combined company. Dorman, 51, also chairman of AT&T, will serve as president of the merged company and a member of its board "for a brief transition period," after which he will resign from both positions, SBC said. Edward E.
BUSINESS
November 4, 2005 | From Reuters
U.S. regulators Thursday agreed to review whether they should intervene to ensure telephone companies can easily launch subscription television services without obstacles from local officials. The Federal Communications Commission voted to seek comment on the extent of its authority over the licensing process, whether new entrants have been stymied by local officials and what steps the agency should take, if any. Verizon Communications Inc. and SBC Communications Inc., the two largest local U.S.
BUSINESS
November 1, 2005 | James S. Granelli, Times Staff Writer
Federal regulators approved the creation of two telecommunications giants Monday, putting its imprimatur on a major transformation in the industry. The Federal Communications Commission cleared the way for SBC Communications Inc. to acquire AT&T Corp. for $16 billion and for Verizon Communications Inc. to buy MCI Inc. for $8.5 billion.
BUSINESS
October 28, 2005 | James S. Granelli, Times Staff Writer
AT&T Corp. may be history, but its name will live on. SBC Communications Inc., which could get federal approval as early as today to acquire one of the nation's most iconic companies, said Thursday that it would adopt the AT&T name as its own. The announcement, which SBC hinted at previously, came as antitrust lawyers in the Justice Department cleared the $16-billion merger as well as the $8.5-billion purchase of MCI Inc. by Verizon Communications Inc.
BUSINESS
October 20, 2005 | James S. Granelli, Times Staff Writer
California regulators Wednesday tentatively blessed two giant telephone industry mergers, but customers won't see much of the billions of dollars the companies expect to save. SBC Communications Inc.'s $16-billion acquisition of AT&T Corp. and Verizon Communications Inc.'s $8.5-billion purchase of MCI Inc. could reduce their expenses in the state by a combined total of up to $2.7 billion, consumer advocates say.
BUSINESS
October 1, 2005 | From Reuters
Antitrust lawyers at the Justice Department are in favor of approving two landmark telecommunication mergers without requiring major changes, sources close to the review process said Friday. Lawyers at the department's antitrust division are inclined to approve SBC Communications Inc.'s purchase of AT&T Corp. and Verizon Communications Inc.'s acquisition of MCI Inc.
BUSINESS
October 10, 2002 | Bloomberg News
SBC Communications Inc. was fined $6 million by the Federal Communications Commission, the largest penalty ever imposed by the agency, for not giving competitors access to its telephone network as required. The FCC said it found SBC repeatedly violated conditions requiring the company to provide lines and switches to local competitors as quickly as the carrier does its own units. SBC shares fell 12 cents to $20.36 on the NYSE.
BUSINESS
November 14, 2003 | From Bloomberg News
SBC Communications Inc. said it would cut expenses by $1.3 billion a year by 2006 to counter declines in local-phone revenue. The savings would come from reducing SBC's workforce, in part by closing one-third of its 200 call centers, the company said. SBC said it expected revenue to grow by the end of next year.
BUSINESS
September 1, 2005 | From Bloomberg News
SBC Communications Inc. will probably change its name to AT&T Corp. once the combination of the two companies is complete, people familiar with the matter said. The AT&T brand is likely to be chosen because it is recognized globally, said the people, who declined to be identified. Executives at San Antonio-based SBC have been considering the change since the company in January agreed to buy AT&T for $16 billion. A decision to become AT&T would keep alive a name that is synonymous with U.S.
BUSINESS
August 25, 2005 | From Bloomberg News
SBC Communications Inc. said it would offer Yahoo Inc.'s music service to bolster content provided to its nearly 6 million high-speed Internet subscribers. The service costs $4.99 a month for an annual subscription or $6.99 monthly for unlimited listening access to a catalog of more than 1 million songs, the companies said. Sunnyvale, Calif.-based Yahoo offers the service for the same prices.
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